Ridgeline Wealth LLC acquired a new stake in iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 6,216 shares of the company’s stock, valued at approximately $288,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of IFRA. Wilmington Savings Fund Society FSB purchased a new stake in iShares U.S. Infrastructure ETF in the 3rd quarter worth about $27,000. Zions Bancorporation N.A. bought a new stake in shares of iShares U.S. Infrastructure ETF during the 2nd quarter worth approximately $33,000. Continuum Advisory LLC boosted its holdings in iShares U.S. Infrastructure ETF by 41.8% during the 3rd quarter. Continuum Advisory LLC now owns 1,221 shares of the company’s stock valued at $60,000 after acquiring an additional 360 shares during the period. Gilliland Jeter Wealth Management LLC grew its position in iShares U.S. Infrastructure ETF by 38.1% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 1,483 shares of the company’s stock valued at $70,000 after acquiring an additional 409 shares during the last quarter. Finally, Semmax Financial Advisors Inc. increased its stake in iShares U.S. Infrastructure ETF by 17.7% in the second quarter. Semmax Financial Advisors Inc. now owns 2,289 shares of the company’s stock worth $100,000 after purchasing an additional 344 shares during the period.
iShares U.S. Infrastructure ETF Trading Up 0.9 %
Shares of IFRA traded up $0.40 during trading hours on Monday, reaching $46.62. 194,981 shares of the company traded hands. The stock has a 50-day moving average of $48.77 and a two-hundred day moving average of $46.30. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 16.71 and a beta of 0.89.
About iShares U.S. Infrastructure ETF
The iShares U.S. Infrastructure ETF (IFRA) is an exchange-traded fund that is based on the NYSE FactSet U.S. Infrastructure index. The fund tracks an index of US-listed infrastructure companies that derive a significant portion of their revenue from within the US. IFRA was launched on Apr 3, 2018 and is managed by BlackRock.
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Want to see what other hedge funds are holding IFRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report).
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